wealthy british style. margetts weiner scandal. find out what's really happening to the global economy in the report on r t. the aftermath of russia's worst of voting is our second decades as the bodies of over one hundred people including many children have been recovered from the volga river rescue is continue the search for. the american missile shield over europe remains the main obstacle in the russia u.s. relationship that moscow wants legal guarantees that one guitar. band of the eurozone economic crisis deepens as islands that is downgraded to junk food fueling fears the country may need a second bailout from the. worldwide

news a live from moscow this is r t m n roll recent show revelations keep coming in about the ill fated voyage of a sunken pleasure cruise on the volga river as a former captain says it was technically dead long before sunday's disaster over one hundred people are now officially confirmed dead about bull gary it went down in just a matter of minutes in the republic of tatarstan parties tom watson has the latest from the scene of the one you may find some of the images in his report is startling. at the moment two hundred divers are working out in the volga three kilometers from the plank in shifts searching room by room inside the sunken bug area pleasure to cruiser they are searching for the bodies of everyone that still left inside the ship and they have indeed reached the play room on one of the

upper decks of the sunken ship where it's was thought by eyewitnesses there were many as forty to fifty children playing when the ship sank so fast it's now been found by the divers but there are significantly less children in that room in a few days' time those two special ships are coming up from further down the volga and they will in some days time try to lift the ship out of the water and then they'll be able to do a full inspection as to what caused it to sink and to sink so fast all of this comes as the bodies are brought back on to land and behind me because riverport the number of flowers and cuddly toys and candles that are piling up against the walls of the report here continues to grow as do the hundreds of people filing by looking at the lists of the dead and missing and paying their respects to those who lost their lives however there's also another feeling growing here was well as of grief

and that sort of anger and questions increasingly growing out of the revelations that keep an emerging about the ship just earlier here at the river caught a former captain off that ship the bulgaria came and revealed some alarming details about the ship's life before its last voyage. i became captain of the vessel in two thousand and seven ship. for a while before they were big problems with the engines and power generators repeatedly mention that to the management and even had an argument with them so as we can hear there for his efforts the captain lost his job these debates. continue as to what caused this tragic sinking but it doesn't do anything to relieve the grief here on the banks of the volga. this is the happy scene at that shooting this ship is designed almost identically to the bulgaria this room almost identical

to the one that children on that ship played in but for whatever reason their fate was very different the in the. air as crowds gathered in remembrance of those killed by the sinking of the boulder pleasure boat it was the younger victims that seem to cast the longest shadow of. these schoolgirls but lost one of their classmates. we started to hear the story here i had known him and seen in one she was a very kind girl and was always ready to help. as divers reach the playroom one of the bokhari is our projects they found the bodies of the children that had gathered there just before the boat sunk. once inside the boat the by these were everywhere

are going to chorus and kaberle who is most of them are wearing the life west divers now have the awful task of bringing the bodies to the surface those left behind can only wonder at how fast their families were torn apart. our colleague was on that ship should mention a cruise together with her family husband five year old son and to say she was pregnant and was to deliver her second baby in august she is not found yet only her husband managed to survive she and her son died. and for those children left suddenly without parents the terrible truth they may not be able to. comprehend for years she lost her mother and father we're all but will have to look after and she's only one of years old what will you tell her and if we can't she wouldn't understand. there is much that people don't understand about this disaster

reports about the ship's engines failing about blocked emergency exits and electricity failure that stopped any s.o.s. or evacuation instructions going out criminal cases have been opened into why two ships passing straight out of the sinking didn't stop to pick up a single person into why the aging vessel was allowed to sail in the first place but for those who have lost loved ones the case will never be closed tom watson r.t. . florida for more on what of course the tragedy we're now joined by our captain hart with the force of kleinfeld an independent marine transport consultant thank you for joining us today many point to the best old age as a factor in the ball gary is thinking but it is fifteen years an extraordinary age for a ship today. yes. first of all please let me take the possibility to send my condolences to the families of the victims of this terrible disaster

but according my opinion the age of the vessel should be not a reason to come into this disaster many residents of his age navigate this. system. on his legs in russia and many most probably old or nearly buys his age but according my experience is the age of of a vessel is not the main reason of this disaster we have to take in consideration that we here under this circumstances a lot of reasons which make it possible to come into this disaster when you when you talk about the reasons and of this tragedy and what happened with with with the ship indeed i mean not the age of fifty years but it needs to be simple maintenance of the ship. if we take the age of the vessel fifty

five years of course this is a question of the maintenance of course this is a question of the condition of the safety equipment of the condition of the life vests of life rafts and of the lifeboat of the condition of. instructions in case of emergency if the crew is able to bring all those instructions to very quickly as a presenter and give the assistance to come as soon as possible to the main deck to reach their life equipment and. as we know from the. information which we have until now this was not possible that crew was able to bring all the people out of the vessel. before the verse with frank captain if i could just jump in judgment here just remember a moment or let's turn to another possible cause or what caused this ship to turn over that of bad weather the waves were said to be about

a metre high that day what kind of threat i would have been sent to a vessel like this because i mean i could also raise questions about why it was allowed onto the water in the first place. i think we have to take this question also together is a question of age of service for many risk. every day nearly get in this area navy gate also under this weather conditions. is a bad weather conditions i think it's also not seeing a reason for this disaster. if the first touch this bad circumstances of ever it's a main task off of captain and off the crew to try to avoid to meads this mean here to try to find a possibility to orders of course to avoid to touch this area and to avoid this if i may if i may regard that as

a regardless of adjusting the course here i want to remember apparently said the captain was aware of technical failures long before this event but was forced to sail anyway and as a captain tell me can you actually be forced to sail in an unseaworthy vessel with two hundred passengers including your own family on board. sorry about that i have to say so clear this is a question which we have to wait for the. final investigations of russian or sororities but according a good seamanship it cannot be happen is that the question is the captain. was squeezed and for forced to to leave port or two to three years. out from the port into this weather conditions. if you get any instruction from the from the owner for example. kept in this a person in charge and the person of responsibility. for the proper crew for the

passenger and for the vessel and he is with tons of the to find a solution to take all of danger out from this out from the presenter and out from the cool. captain hardwood of food supply failed an independent arena transport consultant many thanks thank you very much. on our website r.t. dot com you can read the account of one man who who alone saved almost eighty people from a bull go area many have praised the captain of the ship that stopped and helped the stricken pleasure cruiser but he modestly points to his crew and passengers as the real heroes he was also quoted saying that no one was untouched and that people rushed to help without hesitation willingly giving their clothes to the wounded there's more on our website at r.t. dot com. it's now eleven minutes past the hour here in moscow but

washington's proposed result shield over europe remains the stumbling block in russian american relations that's according to foreign minister sergey lavrov now in the united states moscow wants legal guarantees that the shield will not target russia and argues that nato is unwillingness to provide them does little to ease the tension as are seen as a guy nature can explain. u.s. missile defense plans in europe are of course out for discussion here in washington and foreign minister lavrov said russia for i'm legally binding guarantees that the european missile defense project will not threaten russia's security there have been words before washington has many times said that the system would not be against russia but moscow needs to have it on paper some analyst explained that this urge that russia has been getting everything on paper with promises in the past that were not fulfilled for example when the soviet union collapsed russia was assured that nato would not be spending towards its borders but he did it continued recruiting new members so the bottom line is words are good but words in

a legally binding agreement are better foreign minister lavrov said that's probably the most irritating issue in the relations between the two countries and there is a huge desire to leave it behind and to rather turn it into an area of cooperation that's on the ground being created on the basis of. this should all design of the sort of solution was not accepted as a reasonable way to respond to the scene of its being the purpose in the system so we want to stick to the original that there would be no parts of the system which we grew three six four the strategic stability and for the but the. strategic stability in the it was through the jugular some of the participants are still russia has offered building the missile shield in europe together but that offer was turned down nato says russia can participate but it can't be a joint project because russia is not part of nato so that moscow says if that's

the case let's base our relations on agreements not just words. with arsene still to come in the program here the asian economic supremacies look at the growing competition in trade between india and china and who seems to be losing out . those that you guys are for. and a hacking scandal goes international we'll look at the possible repercussions at home in britain. the eurozone has been dealt a fresh blow it was arlen's debt is downgraded to junk status by moody's credit rating agency it's fueling concerns the country could need a second. this comes a week after portugal's rating was also reduced and follows speculation that it's really too soon asking for a helping hand to discuss so those developments and what they might mean for the e.u. we are joined by paul knuckle n.e.p. for northwest england live for us in brussels good to see you so last week we had the portugal might need

a new rescue package greece already had one island is predicted to be next and into the bailouts worked at all they have to say these people economy so where is all the money going. the focus of the bailouts are doing is they're throwing good money after bad this project was never going to work people like we said this ten years ago that this was always about politics it was not about economics the idea that you could have economies in the mediterranean in line with economies like germany fast growing economies like germany was never going to wait to get out of this mess is for those countries to go back on to the international court and see the value growth moving. into exports going in at the moment. because they couldn't see these are controlled by frankfurt they're controlled by the european central bank they're not controlled by athens or lisbon or even thought of now with billions of euros being thrown around here so some are saying that we're seeing a high level cronyism corruption and fraudulent theft in broad daylight and the people powerless to do anything about it. well we see the people out on the streets

in athens and i just wonder how long it will be before the people are out in the streets in rome and in lisbon and in thought this thing is contagious this thing will move right across the continent specifically in the mediterranean and the big issue now facing the european union is italy italy is the third largest economy in the eurozone is not just economies in the world i think the eurozone can actually cope with greece and portugal the smaller economies if italy goes the whole thing could cave in because if italy goes italy's economy intertwined with spain and of spain and italy go then we are in serious trouble so italy is a major player when it comes in a year as a neighborhood but how long will it be before the bigger economies like germany just say no more they're no longer willing to bail out countries like greece and i mean it is there are limits to their patience wouldn't it just be easier to expel the debtors from the euro zone. well i expect that the the german people of federal

programs are not sure whether the establishment are there will be anything which takes place on friday where they will discuss something called the big bang project or a big bang idea and what the idea that they will perform with is its full fiscal union people who are mandarins in brussels don't see this crisis is about thing what they see as an opportunity an opportunity to create the united states of europe and that's what they will push forward on friday and what that will prove it will give germany greater control over the economies of the mediterranean in fact i will go as far to say that your money will have more power over europe that it's about it's very interesting a perspective you and your thought that moody's credit rating agency has recently come under attack from european officials who called for rating agencies power to be how much if at all are they to blame for the financial troubles of europe's debt stricken countries do you think. what i just think that it is dangerous for the european union to criticize the credit rating agencies and what it is it shows desperation the fact of the matter is that these credit rating agencies the

independence of the european union with european commission has suggested that they think is crazy create their own present meet and get agency which will just propaganda i mean this is the kind that they take this year this is not miss the credit rating agencies around the plane the fact is is that these countries are in the euro zone they're stuck in a prison and they can't control that importance and they desperately need to devalue and the only way to do that is for them to go back on spanish nickel and seize all right so let's get back on your national currencies as you are saying i'm going to italy is a major major player in the eurozone neighborhood of italy goes it could collapse the whole the whole the whole euro zone but despite all the measures taken it seems now that a new predictions emerge every day of another country needing rescue and what does that say to you about the economic stability and of course the future of the whole union. well of course the euro is inextricably to the whole project and it's linked to the european union if the eurozone goes i quite frankly can see this whole thing breaking your book. that is why there's all this group keep it that's why this was desperate to save it because this was never about economics this was

a project that people in my country a federal paying you know the courts in my country which are putting people out of work and known throughout the half billion. bailout also we will throw behalf it's thinking with the right given out with the left this is completely wrong we in the u.k. are for that with bailouts of the only way for these countries this is the break out of this prison which is the order as a whole not all but i mean people in northwest thank you very much. for that. but the world's two fastest growing economies are india and china appear to a recent economic faceoff but you can't use a huge mutual exports around india's part it's mostly raw materials while china specializes in manufactured goods the trade imbalance is putting new delhi at a growing disadvantage as are his previous reader explains. it's dragon versus tiger in the battle for asian supremacy india and china actually the fastest

growing economies with the world's largest population vying for power and prestige in asia and beyond where india led the way in i.t. and back office is china raced ahead in mobilizing its masses onto the factory floor fueling a huge trade deficit and in reality india is forced to accept. all of we believe the whole developed world do you remember actually using their. sources there. to produce things that india oppose world class space and nuclear programs yet struggles to create every day jobs making every day something this cotton taken knows all too well it's cheaper for him to export to china to get the job done then like india. we make a profit of ten percent more in the international market in the domestic market ironically it's indian efficiency that's part of the problem with supply rapidly

outpacing domestic demand. and if you don't export then the cotton prices in india will crush and farmers will suffer as they will get even the original price this will increase the quantity of cotton and even the indian government is encouraging the export of course can the cotton fields of india lies the heart of the indian chinese trade relationship more than seventy percent of the exports from india to china are wrong materials like cotton however ninety percent of the exports from china to india are manufactured goods if india is selling well then why should it matter well having a twenty billion dollar gap with your next door neighbor puts power in their hands and makes jobs in savings dry up at home and economists know that only by sewing up a successful manufacturing sector will india's large unskilled workforce be soaked up but it's a blind spot that's leading to blind faith we are different and we should focus on the models and given to the rest of a very nice remember. we

welcome to. different future indian traders seem satisfied to because the set up means the money keeps rolling in what comes all memorable benefits in exporting is that we get a bigger volume of cotton and we also get paid on time but new delhi is worried knowing it has to cut its cloth before its economic run of luck is sewn up preassure there are t.v. in the air india. always i find more from aarti on our web site of course including the latest news and blogs an expert says was lined up for you there right now at r.t. dot com a snapshot from the stars and you could soon be able to see a picture of yourself taken from orbit with two special spy cameras installed the international space station plus. from catwalk to cat fight there was anything but model behavior at a russian fashion show as as the world of beauty turned really rather ugly find out

the full story behind the high heel hostilities at our top corner dear oh dear. the british prime minister david cameron is calling for an investigation into allegations that victims of nine eleven were targeted by reporters it's the latest twist to the phone hacking scandal that's engulfed rupert murdoch's media empire and as the furor goes global it follows claims that journalists try to bribe new york police officers for access to victims of voicemail u.s. senators are also now calling for their own investigation into news corp meanwhile the british parliament has shut you off a vote calling on the media mogul to drop his why out plans for the country's largest cable t.v. broadcaster b. sky b. richard out of star editor of the day online news service believes that the escalating crisis could threaten a botox entire media empire. where this does become a question for national security is the idea that police are selling private phone

numbers and private contact details of people like the royal family and the prime minister obviously is not necessarily the same to sell these things to a newspaper as it would be to sell them to a terrorist organization but if you can do what you may be able to do so it's very serious the whole edifice abuse internationally is deeply intertwined with the downing street machine all that has yet to come out and will cause a lot more headaches but i think what people talk to and. expecting is for the scandal to go up through the chief executive of news international to james murdoch and james murdoch himself and many people say should step down whether he's for. this scape without serious damage is also doubtful although i don't think he's going to retire or leave the helm of the company. with r.t.i. from moscow a business with marina a short a few minutes away i prefer now to some other international news at this hour. approaches to the egyptian capital cairo for the six day running the removal of the

military council threatening to expand. these demonstrators are also calling for after president hosni mubarak and his aides to face prosecution for the killing of hundreds of protesters during the uprising in february the military has protesters against using violence but it wouldn't try to stop them about. the brother of the afghan president hamid karzai has been buried in kandahar. as i was murdered in his home there on tuesday the taliban has described the assassination as their biggest achievement in ten years shortly after the ceremony go two explosions were reported kandahar regional governor narrowly escaped a roadside bombing on his way. so i doubt as i mentioned we're going to go on our time business with. hello arkansas business here and i see now let's start with coal which is trading

near record highs as investors are on for safe haven from the debt crisis spreading across europe jacobson from saxo bank believes the strength in precious metal will continue until they use politicians find a workable solution gold is now the only currency even though ironically it's not really a currency that is valid dating your your long term investment criteria is in the sense that this is a currency that cannot be devalued by printing of money i think the reason why gold is going out right now is that everyone seems to sense that the political solution once again becomes for owing more debt at the very issue we need to change her stary that will probably take some pressure off the risk for human call but gold is going up today tomorrow and for the next week as long as the politician play this game of hide and seek and no decision making. or despite the nervousness in europe in fact in the russian markets you don't buy stuff from hansen camp it's all still

open there are good stories to trade here speaking about sectors i do think that in this environment you're likely to see more support for defensive names like telecoms like utilities although you could argue what to what extent utilities about how defensive medicine more liquid names like ms hydro a holding might not people get a bad bets you know this kind of a run of a competitor less a little side elections for the gulf war and we know that the two of these tend to be a so-so with high political risk. telecoms though you know i mean ross chemical that's really interesting it's going to get the embassy i listing it's going to london listing and related we're seeing an increasing interest in that name so i you know this is something which is both offensive but it's also a good story. but may sell stakes in some companies to russia after accepting a bailout for its crisis hit economy these will include gas pipeline companies and two refineries russian technologies corporation and hence they are on gas from are among those interested in the assets menstrual cvs an eight hundred million dollar

bailout last month as the cash strapped economy burned through its currency reserves you know let's take a look at the markets european markets are in the black apart gains are limited after a downgrade of ireland by movies rating agency that soaring that lauri's in focus group three point six percent and wondering making at the top gainer that's us the luxury goods maker reported revenues thirty percent in the first quarter. and here in moscow the markets have turned negative sense in a remains uncertain and the white summer trade let's take a look at some individual movers on the my sex bank is a quarter of a percent after posting one hundred eighty percent jump in first half net profits but that's on the russian accounting standards overall crawly is around one and a half percent after the e.u. left reporters on posts hashim threats from russia and coal miner is continuing its

rally up another four percent this hour on expectations over takeover bid from v u b. o that's all the business news for now join us for another all dates in fifteen minutes and then meantime stay tuned for the headlines with horror. hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers.